If it Happened | We Covered it

July 26, 2012June 10, 2017

Sprint lost over $1 Billion this Quarter

Sprint’s financial results for the second quarter of 2012 does not look so good. Even though the carrier added a net total of 442,000 postpaid subscribers and sold 1.5 million iPhones’s. That multi-billion dollar gamble on the iPhone seems to not as of yet paid off. Sprint lost $1.4 billion, on $7.3 billion in sales. Last year they only $847 million.

Churn (Customer Turnover)was at a low 1.69%. I guess that bit of good news was enough for Sprint raise its forecast for calendar 2012 to $4.6 billion from $4.5 billion. I for one love Sprint but know they are on a timer. It is only a matter of time before they get brought out or hit bankruptcy. At which point the last Unlimited data sanctuary will be lost forever.